{"id":1777,"date":"2026-04-27T20:08:24","date_gmt":"2026-04-27T12:08:24","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=1777"},"modified":"2026-04-27T20:08:24","modified_gmt":"2026-04-27T12:08:24","slug":"%e3%80%90mica-research%e3%80%91%e5%b1%95%e6%9c%9b%e5%8a%a0%e5%af%86%e7%9b%91%e7%ae%a1%e6%94%be%e5%ae%bd%ef%bc%8c%e7%ab%9e%e4%ba%89%e5%b8%81%e5%87%ba%e7%8e%b0-etf-%e7%94%b3%e8%af%b7%e7%83%ad%e6%bd%ae","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=1777","title":{"rendered":"\u3010MICA RESEARCH\u3011\u5c55\u671b\u52a0\u5bc6\u76d1\u7ba1\u653e\u5bbd\uff0c\u7ade\u4e89\u5e01\u51fa\u73b0 ETF \u7533\u8bf7\u70ed\u6f6e"},"content":{"rendered":"<div class=\"thumbnail-container animate-lazy\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"375\" class=\"attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image\" alt=\"\u3010MICA RESEARCH\u3011\u5c55\u671b\u52a0\u5bc6\u76d1\u7ba1\u653e\u5bbd\uff0c\u7ade\u4e89\u5e01\u51fa\u73b0 ETF \u7533\u8bf7\u70ed\u6f6e\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/02\/DALL\u00b7E-2025-02-01-00.46.00-A-futuristic-digital-stock-market-scene-featuring-large-holographic-cryptocurrency-charts.-In-the-foreground-a-glowing-XRP-coin-is-displayed-prominen-750x375.webp\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/02\/DALL\u00b7E-2025-02-01-00.46.00-A-futuristic-digital-stock-market-scene-featuring-large-holographic-cryptocurrency-charts.-In-the-foreground-a-glowing-XRP-coin-is-displayed-prominen-750x375.webp 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/02\/DALL\u00b7E-2025-02-01-00.46.00-A-futuristic-digital-stock-market-scene-featuring-large-holographic-cryptocurrency-charts.-In-the-foreground-a-glowing-XRP-coin-is-displayed-prominen-360x180.webp 360w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/02\/DALL\u00b7E-2025-02-01-00.46.00-A-futuristic-digital-stock-market-scene-featuring-large-holographic-cryptocurrency-charts.-In-the-foreground-a-glowing-XRP-coin-is-displayed-prominen-1140x570.webp 1140w\" data-sizes=\"auto\" data-expand=\"700\" title=\"\u3010MICA RESEARCH\u3011\u5c55\u671b\u52a0\u5bc6\u76d1\u7ba1\u653e\u5bbd\uff0c\u7ade\u4e89\u5e01\u51fa\u73b0 ETF \u7533\u8bf7\u70ed\u6f6e\u63d2\u56fe\" \/><\/div>\n<\/div>\n<div class=\"entry-content no-share\">\n<div class=\"jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome\">\n<div class=\"jeg_share_float_container\"><\/div>\n<\/p><\/div>\n<div class=\"content-inner \">\n<p>\u8fc7\u53bb\u4e00\u5468\u6bd4\u7279\u5e01\u6ce2\u52a8\u4f9d\u7136\u76f8\u5f53\u5267\u70c8\uff0c\u7279\u522b\u662f\u5468\u4e00\u7f8e\u56fd\u79d1\u6280\u80a1\u56e0\u4e3a\u4e2d\u56fd AI \u6a21\u578b DeepSeek \u5229\u7a7a\u4e8b\u4ef6\u800c\u5927\u8dcc\u65f6\uff0c\u6bd4\u7279\u5e01\u4e5f\u8ddf\u8457\u906d\u5230\u57fa\u91d1\u629b\u552e\uff0c\u4ef7\u683c\u751a\u81f3\u4e0b\u63a2\u81f3 9.7 \u4e07\u7f8e\u5143\uff0c\u7b26\u5408\u4e0a\u4e00\u671f\u62a5\u544a\u63d0\u5230\u7684 10% \u81f3 15% \u56de\u8c03\uff0c\u540c\u65f6\u5bfc\u81f4\u4e0d\u5c0f\u89c4\u6a21\u7684\u591a\u519b\u5408\u7ea6\u90e8\u4f4d\u906d\u5230\u6e05\u7b97\u3002<\/p>\n<p>\u968f\u540e\u5e02\u573a\u8fc5\u901f\u53d1\u73b0\u8fd9\u53ea\u662f\u4e00\u573a\u8bef\u4f1a\uff0cAI \u80a1\u867d\u7136\u6295\u673a\u6c14\u6c1b\u6d53\u539a\uff0c\u4f46\u8ddf\u52a0\u5bc6\u8d27\u5e01\u7684\u5173\u7cfb\u5e76\u4e0d\u5927\uff0c\u8d44\u91d1\u63a5\u8457\u91cd\u56de\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\uff0c\u91cd\u65b0\u5c06\u6bd4\u7279\u5e01\u4ef7\u683c\u63a8\u4e0a 10.3 \u4e07\u7f8e\u5143\uff0c\u4f46\u5468\u672b\u53c8\u518d\u5ea6\u5931\u5b88 10 \u4e07\u7f8e\u5143\u5927\u5173\u3002<\/p>\n<p>\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u4ecd\u7136\u662f\u5e02\u573a\u7126\u70b9\uff0c\u7279\u522b\u662f\u5ddd\u666e\u653f\u5e9c\u4e0a\u5468\u53c8\u9646\u7eed\u5bf9\u52a0\u5bc6\u8d27\u5e01\u9884\u5907\u5f00\u653e\u66f4\u591a\u76d1\u7ba1\u6846\u67b6\uff0c\u622a\u81f3 1 \u6708 30 \u65e5\uff0c\u8fd9\u4e9b ETF \u7684\u6301\u4ed3\u603b\u989d\u8d85\u8fc7 1,250 \u4ebf\u7f8e\u5143\uff0c\u5360\u6bd4\u7279\u5e01\u603b\u4f9b\u5e94\u91cf\u7684 6.05%\uff0c\u5e76\u4e14\u6210\u4e3a\u7f8e\u56fd\u89c4\u6a21\u6700\u4e3a\u5e9e\u5927\u7684\u5546\u54c1 ETF \u4e4b\u4e00\u3002<\/p>\n<p>\u6839\u636e\u5f6d\u535a ETF \u5206\u6790\u5e08 Eric Balchunas \u7684\u6570\u636e\uff0c\u6bd4\u7279\u5e01 ETF \u7684\u8d44\u4ea7\u89c4\u6a21\u5df2\u8d85\u8d8a ESG ETF\uff0c\u5e76\u4e0e\u9ec4\u91d1 ETF \u89c4\u6a21\u76f8\u5f53\uff0c\u5176\u4e2d\u6700\u5177\u89c4\u6a21\u7684\u5c31\u5c5e\u8d1d\u83b1\u5fb7\uff08BlackRock\uff09\u7684 IBIT \u6bd4\u7279\u5e01 ETF\uff0c\u8d44\u4ea7\u7ba1\u7406\u89c4\u6a21\u5df2\u7ecf\u8d85\u8fc7 580 \u4ebf\u7f8e\u5143\uff0c\u5e02\u573a\u4efd\u989d\u8fbe 46%\uff0c\u5e76\u6210\u4e3a\u5168\u7403\u7b2c 31 \u5927 ETF\uff0c\u622a\u81f3 1 \u6708 31 \u65e5\u4e3a\u6b62\uff0c\u8be5\u57fa\u91d1\u5355\u65e5\u51fa\u73b0 3.2 \u4ebf\u7f8e\u5143\u7684\u8d44\u91d1\u51c0\u6d41\u5165\u3002<\/p>\n<p>\u53d7\u60e0\u4e8e\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u7684\u8d44\u91d1\u6d41\u5165\u9a71\u52a8\uff0c\u5206\u6790\u5e08\u666e\u904d\u770b\u597d 2025 \u5e74\u6bd4\u7279\u5e01\u8d70\u52bf\uff0cBitget Research \u9996\u5e2d\u5206\u6790\u5e08 Ryan Lee \u9884\u6d4b\uff0c\u6bd4\u7279\u5e01\u53ef\u80fd\u5728 2025 \u5e74\u5347\u81f3 20 \u4e07\u7f8e\u5143\uff0c\u5728\u770b\u591a\u80cc\u666f\u4e4b\u4e0b\uff0c\u57fa\u91d1\u516c\u53f8\u4e5f\u9646\u7eed\u8981\u62a2\u98df\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u7684 ETF \u5e02\u573a\uff0c\u76ee\u524d\u6bd4\u7279\u5e01\u4e0e\u4ee5\u592a\u5e01\u5df2\u7ecf\u88ab BlackRock \u593a\u53d6\u5927\u90e8\u5206\u7684\u5e02\u573a\uff0c\u5176\u4ed6\u57fa\u91d1\u516c\u53f8\u5728\u89c4\u6a21\u4e0d\u591f\u7684\u524d\u63d0\u4e0b\u5f88\u96be\u4ece\u7ba1\u7406\u8d39\u8d5a\u5230\u8d85\u989d\u5229\u6da6\uff0c\u53ea\u597d\u5c06\u76ee\u5149\u8f6c\u5411\u300c\u7ade\u4e89\u5e01 ETF\u300d\u3002<\/p>\n<p>\u4e0a\u5468\u9646\u7eed\u6709\u57fa\u91d1\u516c\u53f8\u7533\u8bf7\u7ade\u4e89\u5e01\u73b0\u8d27 ETF \u60f3\u7387\u5148\u62a2\u5360\u5e02\u573a\uff0c\u76ee\u524d\u5e02\u573a\u6295\u8d44\u8005\u770b\u597d\u547c\u58f0\u6700\u9ad8\u7684\u5c31\u5c5e\u745e\u6ce2\u5e01\uff08XRP\uff09\u3001\u83b1\u7279\u5e01\uff08LTC\uff09\uff0c\u4e5f\u5df2\u7ecf\u8ddf\u8457\u8fdb\u573a\u5e03\u5c40\uff0c\u524d\u8005\u662f\u56e0\u4e3a\u6cd5\u9662\u5df2\u7ecf\u5224\u51b3\u300cXRP \u4e0d\u5c5e\u4e8e\u8bc1\u5238\u300d\uff0c\u52a0\u4e0a\u6267\u884c\u957f\u4e0e\u5ddd\u666e\u653f\u5e9c\u5173\u7cfb\u6781\u4f73\uff0c\u901a\u8fc7\u673a\u7387\u76f8\u5f53\u9ad8\uff1b\u540e\u8005\u5219\u662f SEC \u5df2\u7ecf\u540c\u610f\u5ba1\u6838 LTC ETF \u7684\u7533\u8bf7\u6848\uff0c\u6295\u8d44\u8005\u666e\u904d\u770b\u597d\u8fd9\u4e24\u4e2a\u7ade\u4e89\u5e01\u80fd\u591f\u4ee5 ETF \u7684\u5f62\u5f0f\u4e0a\u5e02\u4ea4\u6613\uff0c\u7eb7\u7eb7\u8fdb\u573a\u5e03\u5c40\uff0c\u4ef7\u683c\u4e5f\u5df2\u7ecf\u51fa\u73b0\u597d\u51e0\u6ce2\u6da8\u5e45\uff0c\u63a5\u4e0b\u6765\u5c31\u8ba9\u6211\u4eec\u8c08\u8c08 ETF \u73b0\u8d27\u7533\u8bf7\u8fdb\u5ea6\u3002<\/p>\n<figure id=\"attachment_116437\" aria-describedby=\"caption-attachment-116437\" style=\"width: 1393px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-116437 size-full\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/02\/chart-6.png\"  width=\"1393\" height=\"506\" title=\"\u3010MICA RESEARCH\u3011\u5c55\u671b\u52a0\u5bc6\u76d1\u7ba1\u653e\u5bbd\uff0c\u7ade\u4e89\u5e01\u51fa\u73b0 ETF \u7533\u8bf7\u70ed\u6f6e\u63d2\u56fe1\" alt=\"\u3010MICA RESEARCH\u3011\u5c55\u671b\u52a0\u5bc6\u76d1\u7ba1\u653e\u5bbd\uff0c\u7ade\u4e89\u5e01\u51fa\u73b0 ETF \u7533\u8bf7\u70ed\u6f6e\u63d2\u56fe1\" \/><figcaption id=\"caption-attachment-116437\" class=\"wp-caption-text\">Sources: MICA RESEARCH<\/figcaption><\/figure>\n<h4><strong>A. 01 \u6708 29 \u65e5 Bitfinex \u89e3\u91ca\u4e3a\u4f55\u5468\u4e00\u6bd4\u7279\u5e01\u7a81\u7136\u4e0b\u8dcc<\/strong><\/h4>\n<p>\u5468\u4e00\u6bd4\u7279\u5e01\u7a81\u7136\u4ece 10.5 \u4e07\u8dcc\u7834 10 \u4e07\u7f8e\u5143\u5927\u5173\uff0c\u56de\u5230 9.7 \u4e07\u7f8e\u5143\u533a\u95f4\uff0c\u76ee\u524d\u5e02\u573a\u5c06\u5176\u5f52\u56e0\u4e8e\u5e02\u573a\u6050\u614c\uff0c\u6839\u636e Bitfinex Alpha \u62a5\u544a\u663e\u793a\uff0c\u5176\u539f\u56e0\u4f9d\u65e7\u6765\u81ea\u4e2d\u56fd AI \u65b0\u521b\u516c\u53f8 DeepSeek \u5f15\u53d1\u5e02\u573a\u62c5\u5fe7\uff0c\u5bfc\u81f4\u98ce\u9669\u8d44\u4ea7\u5927\u8dcc\uff0c\u867d\u7136\u4e00\u4e2a\u6708\u524d\u8be5\u6a21\u578b\u5df2\u7ecf\u53d1\u5e03\uff0c\u4f46\u8fd1\u671f DeepSeek APP \u6210\u4e3a iOS App Store \u4e0b\u8f7d\u91cf\u6700\u9ad8\u7684\u5e94\u7528\u7a0b\u5f0f\uff0c\u52a0\u4e0a\u5404\u5927\u79d1\u6280\u77e5\u540d\u4eba\u7269\u90fd\u5728\u8ba8\u8bba\u8fd9\u652f\u6a21\u578b\uff0c\u4f7f\u5f97\u7591\u8651\u731b\u7136\u7a9c\u5347\u3002<\/p>\n<p>\u53d7\u5230\u79d1\u6280\u80a1\u5e02\u96c6\u4f53\u4e0b\u8dcc\u5f71\u54cd\uff0c\u6bd4\u7279\u5e01\u4e0e\u7f8e\u80a1\u540c\u6b65\u4e0b\u8dcc\uff0c\u5f53\u5929 S&amp;P 500 \u3001 NASDAQ \u3001\u9053\u743c\u6307\u6570\u53ca Nvidia \u80a1\u4ef7\u5747\u5927\u5e45\u56de\u843d\u3002\u6839\u636e CoinMarketCap\uff0cBTC \u4e00\u5ea6\u4e0b\u8dcc\u8d85\u8fc7 6%\uff0c\u4f46\u540e\u6765\u56de\u5347\u81f3 103,000 \u7f8e\u5143\uff0c\u663e\u793a BTC \u4e0e\u4f20\u7edf\u80a1\u5e02\u7684\u5173\u8054\u6027\u65e5\u76ca\u589e\u5f3a\uff0c30 \u5929\u6eda\u52a8\u76ae\u5c14\u900a\u76f8\u5173\u7cfb\u6570\u5df2\u5347\u81f3 0.7 \u3002<\/p>\n<p>\u5206\u6790\u6307\u51fa\uff0cBTC \u4e0d\u518d\u662f\u72ec\u7acb\u7684\u52a0\u5bc6\u8d27\u5e01\u8d44\u4ea7\uff0c\u5df2\u7ecf\u4e0e\u98ce\u9669\u8d44\u4ea7\u5e02\u573a\u9ad8\u5ea6\u6302\u94a9\u3002\u5f53\u80a1\u5e02\u4e0a\u6da8\u65f6\uff0cBTC \u53d7\u76ca\uff1b\u4f46\u82e5\u80a1\u5e02\u4e0b\u8dcc\uff0cBTC \u4e5f\u53ef\u80fd\u9762\u4e34\u5267\u70c8\u6ce2\u52a8\u3002\u672a\u6765 BTC \u8d70\u52bf\u5c06\u53d7\u5b8f\u89c2\u7ecf\u6d4e\u65b0\u95fb\u4e0e\u80a1\u5e02\u53d8\u52a8\u5f71\u54cd\uff0c\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cBTC \u7684\u9690\u542b\u6ce2\u52a8\u7387\u81ea 1 \u6708 20 \u65e5\u9ad8\u70b9\u540e\u4e0b\u964d\u903e 13%\uff0c\u5e02\u573a\u8d8b\u4e8e\u7a33\u5b9a\u3002 Bitfinex \u89c2\u5bdf\u5230\uff0c\u8d44\u91d1\u6d41\u5165\u51cf\u7f13\u3001\u83b7\u5229\u4e86\u7ed3\u51cf\u5c11\uff0c\u4ea4\u6613\u8005\u5bf9\u5f53\u524d\u4ef7\u683c\u6709\u4fe1\u5fc3\uff0c\u4f46\u5e02\u573a\u8fdb\u5165\u89c2\u671b\u72b6\u6001\u3002<\/p>\n<h4><strong>B. 01 \u6708 30 \u65e5 Fed FOMC \u5229\u7387\u4f1a\u8bae\u5ba3\u5e03\u6682\u505c\u964d\u606f\u4e00\u6b21\uff0c\u5bf9\u52a0\u5bc6\u5e02\u573a\u5f71\u54cd\u4e0d\u5927<\/strong><\/h4>\n<p>\u6628\u5929 Fed \u516c\u5e03\u6700\u65b0\u5229\u7387\u51b3\u8bae\u58f0\u660e\uff0c\u6307\u51fa\u8fd1\u671f\u6307\u6807\u663e\u793a\u7ecf\u6d4e\u6d3b\u52a8\u6301\u7eed\u7a33\u5065\u6269\u5f20\uff0c\u5931\u4e1a\u7387\u8fd1\u6708\u6765\u7ef4\u6301\u5728\u4f4e\u4f4d\uff0c\u52b3\u52a8\u5e02\u573a\u72b6\u51b5\u826f\u597d\uff0c\u4f46\u901a\u81a8\u4ecd\u7565\u9ad8\u4e8e\u9884\u671f\uff0cFed \u76ee\u6807\u662f\u5b9e\u73b0\u6700\u5927\u5c31\u4e1a\u4e0e\u957f\u671f\u901a\u81a8\u7387 2% \u3002\u76ee\u524d\u5b9e\u73b0\u8fd9\u4e9b\u76ee\u6807\u7684\u98ce\u9669\u5927\u81f4\u5e73\u8861\uff0c\u4f46\u7ecf\u6d4e\u524d\u666f\u4ecd\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0c\u59d4\u5458\u4f1a\u5c06\u5bc6\u5207\u5173\u6ce8\u76f8\u5173\u98ce\u9669\uff0c<\/p>\n<p>\u4e3a\u652f\u6301\u7ecf\u6d4e\u76ee\u6807\uff0cFed \u5728\u6b64\u6b21 FOMC \u5b9a\u7ef4\u6301\u8054\u90a6\u57fa\u91d1\u5229\u7387\u76ee\u6807\u533a\u95f4\u5728 4.25% \u81f3 4.5%\uff0c\u6682\u505c\u964d\u606f\u4e00\u6b21\u3002\u672a\u6765\u662f\u5426\u8fdb\u4e00\u6b65\u8c03\u6574\u5229\u7387\uff0c\u5c06\u53d6\u51b3\u4e8e\u5373\u65f6\u6570\u636e\u3001\u7ecf\u6d4e\u524d\u666f\u53d8\u5316\u53ca\u98ce\u9669\u5e73\u8861\u8bc4\u4f30\u3002\u540c\u65f6\u5c06\u7ee7\u7eed\u7f29\u51cf\u7f8e\u56fd\u56fd\u503a\u3001\u673a\u6784\u503a\u52a1\u4e0e\u62b5\u62bc\u8d37\u6b3e\u652f\u6301\u8bc1\u5238\u7684\u6301\u6709\u91cf\uff0c\u4e14\u672a\u6765\u51b3\u7b56\u8bc4\u4f30\u65f6\u5c06\u8003\u91cf\u52b3\u52a8\u5e02\u573a\u72b6\u51b5\u3001\u901a\u81a8\u538b\u529b\u3001\u901a\u81a8\u9884\u671f\u53ca\u91d1\u878d\u4e0e\u56fd\u9645\u53d1\u5c55\u7b49\u591a\u65b9\u9762\u8d44\u8baf\u3002<\/p>\n<p>\u6211\u4eec\u8ba4\u4e3a\u8fd9\u6b21\u6682\u505c\u964d\u606f\u5bf9\u52a0\u5bc6\u5e02\u573a\u5f71\u54cd\u4e0d\u5927\uff0c\u56e0\u4e3a\u52a0\u5bc6\u5e02\u573a\u8fd9\u6b21\u6da8\u5e45\u5e76\u4e0d\u662f\u56e0\u4e3a\u964d\u606f\uff0c\u800c\u662f\u5ddd\u666e\u7684\u52a0\u5bc6\u8d27\u5e01\u4e0e\u6bd4\u7279\u5e01\u50a8\u5907\u672c\u4f4d\u65b9\u9488\u6240\u5e26\u52a8\uff0c\u964d\u606f\u77ed\u671f\u5185\u4e0d\u518d\u662f\u5fc5\u987b\u54c1\uff0c\u800c\u4e14\u4e5f\u5728\u5e02\u573a\u9884\u671f\u8303\u56f4\u5185\uff0c10 \u5e74\u516c\u503a\u6b96\u5229\u7387\u5e76\u6ca1\u6709\u592a\u5927\u7684\u53d8\u5316\uff0c\u663e\u793a\u6295\u8d44\u8005\u5bf9\u6b64\u6ca1\u6709\u592a\u5927\u610f\u5916\u3002<\/p>\n<h4><strong>C. 01 \u6708 31 \u65e5 LTC \u73b0\u8d27 ETF \u671d\u7f8e\u80a1\u4e0a\u5e02\u66f4\u8fd1\u4e00\u6b65\uff0c\u5e01\u4ef7\u5927\u6da8 20%<\/strong><\/h4>\n<p>\u7f8e\u56fd SEC \u6b63\u5f0f\u53d7\u7406 Canary Capital \u7533\u8bf7\u7684\u83b1\u7279\u5e01\uff08Litecoin, LTC\uff09\u73b0\u8d27 ETF \u63d0\u6848\uff0c\u5e76\u5f00\u653e\u516c\u4f17\u610f\u89c1\u5f81\u8be2\uff0c\u4f7f\u5f97\u83b1\u7279\u5e01 ETF \u5728\u7f8e\u56fd\u4e0a\u5e02\u7684\u53ef\u80fd\u6027\u589e\u52a0\uff0c\u5c55\u671b\u5ddd\u666e\u65b0\u653f\u5e95\u4e0b\u7684\u52a0\u5bc6\u8d27\u5e01\u6d6a\u6f6e\uff0c\u8fd1\u671f\u591a\u5bb6\u57fa\u91d1\u7ba1\u7406\u516c\u53f8\u5df2\u7ecf\u5411 SEC \u63d0\u4ea4\u4e86\u7ade\u4e89\u5e01\u73b0\u8d27 ETF \u7684\u7533\u8bf7\uff0c\u671f\u5f85\u80fd\u7a81\u7834\u73b0\u6709\u6bd4\u7279\u5e01\u4e0e\u4ee5\u592a\u5e01\u7684\u76d1\u7ba1\u6846\u67b6\u3002<\/p>\n<p>\u4f46\u5f6d\u535a ETF \u5206\u6790\u5e08 Eric Balchunas \u8868\u793a\uff0c\u76ee\u524d\u4ec5 Canary Capital \u83b1\u7279\u5e01\u73b0\u8d27 ETF \u901a\u8fc7\u521d\u6b65\u5ba1\u67e5\uff0c\u5176\u4ed6\u7533\u8bf7\u5747\u88ab\u8981\u6c42\u64a4\u56de\uff0c\u8fd9\u6863\u83b1\u7279\u5e01 ETF \u6210\u4e3a\u9996\u4e2a\u83b7 SEC \u627f\u8ba4\u7684 19b-4 \u7533\u8bf7\u6848\uff0c\u5e76\u5df2\u6ee1\u8db3\u6240\u6709\u76d1\u7ba1\u8981\u6c42\uff0c\u540e\u7eed\u5173\u952e\u5728\u4e8e SEC \u662f\u5426\u4f1a\u82b1\u8d39\u5b8c\u6574\u7684 240 \u5929\u5ba1\u67e5\u671f\uff0c\u6216\u9009\u62e9\u66f4\u5feb\u7684\u5ba1\u6838\u6d41\u7a0b\uff0c\u65f6\u95f4\u5b89\u6392\u4ecd\u4e0d\u786e\u5b9a\u3002<\/p>\n<p>\u6839\u636e SEC 1 \u6708 29 \u65e5\u7684\u6587\u4ef6\uff0c\u516c\u4f17\u6709 21 \u5929\u65f6\u95f4\u63d0\u4ea4\u610f\u89c1\uff0c\u5f71\u54cd\u76d1\u7ba1\u51b3\u7b56\u3002\u610f\u89c1\u5f81\u8be2\u7ed3\u675f\u540e\uff0c SEC \u6700\u957f\u9700 45 \u5929\u505a\u51fa\u7ed3\u8bba\uff0c\u5e76\u53ef\u5ef6\u957f\u81f3 90 \u5929\uff0c\u6700\u7ec8\u7ed3\u679c\u53ef\u80fd\u662f\u6279\u51c6\u3001\u62d2\u7edd\u6216\u8fdb\u4e00\u6b65\u5ba1\u67e5\uff0c\u76ee\u524d\u5e02\u573a\u5bf9\u83b1\u7279\u5e01 ETF \u7684\u6279\u51c6\u9884\u671f\u5347\u9ad8\uff0cPolymarket \u4ea4\u6613\u8005\u8ba4\u4e3a\u901a\u8fc7\u673a\u7387\u8fbe 86%\uff0c\u8be5\u6d88\u606f\u63a8\u52a8 LTC \u4ef7\u683c\u5927\u6da8\uff0c\u5355\u65e5\u4e0a\u6da8\u8fd1 20% \u81f3 132 \u7f8e\u5143\uff0c\u6708\u5ea6\u6da8\u5e45\u8fbe 28% \u3002<\/p>\n<h3><strong>\u4e0b\u4e00\u4e2a\u300c\u73b0\u8d27 ETF\u300d\u662f\u54ea\u4e2a\u5e01\uff1fXRP \u4e0e LTC \u547c\u58f0\u9ad8<\/strong><\/h3>\n<p>\u5148\u6765\u8c08\u8c08 XRP\uff0c\u4e0a\u5468 Grayscale \u5df2\u5411 SEC \u63d0\u4ea4 XRP \u73b0\u8d27 ETF \u7533\u8bf7\uff0c\u8ba1\u5212\u5c06\u5176 XRP \u4fe1\u6258\u57fa\u91d1\u8f6c\u4e3a\u5728 NYSE Arca \u4ea4\u6613\u7684\u73b0\u8d27 ETF \u3002\u8be5\u4fe1\u6258\u57fa\u91d1\u7ba1\u7406\u8d44\u4ea7\u8d85\u8fc7 1600 \u4e07\u7f8e\u5143\uff0c\u662f\u4e0e\u745e\u6ce2\u5e01\uff08XRP\uff09\u6302\u94a9\u7684\u6700\u5927\u5c01\u95ed\u578b\u6295\u8d44 \u2018\u5de5\u5177\u4e4b\u4e00\uff0cGrayscale \u8868\u793a\u5c06\u4fe1\u6258\u8f6c\u4e3a ETF \u80fd\u8ba9\u6295\u8d44\u8005\u66f4\u4fbf\u5229\u5730\u63a5\u89e6 XRP\uff0c\u800c\u65e0\u9700\u76f4\u63a5\u8d2d\u4e70\u8d44\u4ea7\uff0c\u4e14\u53d7\u56fd\u5bb6\u8bc1\u5238\u4ea4\u6613\u6240\u76d1\u7ba1\u3002<\/p>\n<p>\u5176\u4ed6\u57fa\u91d1\u516c\u53f8\u50cf\u662f CoinShares \u3001 Wisdom Tree \u3001 ProShares \u3001 REX Shares \u548c Bitwise \u7b49\u6295\u8d44\u516c\u53f8\u884c\u5217\uff0c\u8fd9\u4e9b\u516c\u53f8\u8fd1\u671f\u4e5f\u63d0\u4ea4\u4e86 XRP ETF \u7533\u8bf7\uff0c\u8d81\u8457\u5ddd\u666e\u5df2\u7ecf\u4e0a\u4efb\u5373\u5c06\u65bd\u884c\u65b0\u7684\u52a0\u5bc6\u8d27\u5e01\u5fc3\u8bc1\uff0c\u5176\u53cb\u5584\u52a0\u5bc6\u8d27\u5e01\u7acb\u573a\u4fc3\u4f7f\u8bb8\u591a\u6570\u4f4d\u8d44\u4ea7\u516c\u53f8\u5bfb\u6c42\u63a8\u51fa\u65b0\u7684\u52a0\u5bc6\u57fa\u91d1\uff0cXRP \u4ef7\u683c\u8fc7\u53bb 30 \u5929\u4e0a\u6da8 45%\uff0c\u5206\u6790\u5e08\u9884\u6d4b\u77ed\u671f\u5185\u6709\u671b\u7a81\u7834\u5386\u53f2\u9ad8\u70b9 3.4 \u7f8e\u5143\uff0c\u751a\u81f3\u6311\u6218 4.5 \u7f8e\u5143\u3002<\/p>\n<p>Grayscale \u4e5f\u5728\u4e00\u5468\u524d\u7533\u8bf7 SOL \u4ee5\u53ca LTC ETF\uff0c\u4ee5\u53ca\u63a8\u51fa\u6bd4\u7279\u5e01\u77ff\u4e1a ETF\uff0c\u63d0\u4f9b\u5bf9 Riot \u3001 Marathon Digital \u53ca Core Scientific \u7b49\u4e0a\u5e02\u77ff\u4f01\u7684\u6295\u8d44\u673a\u4f1a\uff0c\u63d0\u4f9b\u6295\u8d44\u8005\u591a\u5143\u5316\u7684\u5de5\u5177\u9009\u62e9\uff0c\u4e0d\u53ea\u662f Grayscale\uff0c\u73b0\u5728\u57fa\u91d1\u516c\u53f8\u90fd\u5728\u79ef\u6781\u6253\u9020\u52a0\u5bc6\u5e01\u76f8\u5173\u7684\u57fa\u91d1\u4ea7\u54c1\u62d3\u5c55\u76f8\u5173\u4e1a\u52a1\u3002<\/p>\n<p>\u8fd9\u4e9b\u57fa\u91d1\u4f1a\u6301\u7eed\u4e3a\u52a0\u5bc6\u5e02\u573a\u5e26\u6765\u4e0a\u6da8\u52a8\u80fd\uff0c\u56e0\u6b64\u4e2d\u957f\u671f\u4e0d\u592a\u9700\u8981\u62c5\u5fc3\u52a0\u5bc6\u5e01\u7684\u6da8\u52bf\uff0c\u8003\u8651\u5230\u4e0a\u5468\u6bd4\u7279\u5e01\u5df2\u7ecf\u56de\u8c03\u8fc7\u4e00\u6b21\uff0c\u5e02\u573a\u72b6\u51b5\u662f\u76f8\u5bf9\u5065\u5eb7\u7684\uff0c\u786c\u8981\u8bf4\u77ed\u671f\u7684\u8bdd\uff0c\u6bd4\u7279\u5e01\u8d70\u52bf\u8fd9\u5468\u4f1a\u53d7\u7f8e\u56fd\u52b3\u52a8\u5e02\u573a\u62a5\u544a\u5f71\u54cd\uff0c\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u5c06\u4e8e 2 \u6708 7 \u65e5\u53d1\u5e03\u6700\u65b0\u52b3\u52a8\u5e02\u573a\u6570\u636e\uff0c\u8fd9\u53ef\u80fd\u6210\u4e3a\u51b3\u5b9a\u6bd4\u7279\u5e01\u4ef7\u683c\u52a8\u5411\u7684\u5173\u952e\u56e0\u7d20\u3002<\/p>\n<p>\u5f3a\u52b2\u7684\u52b3\u52a8\u5e02\u573a\u964d\u4f4e\u7f8e\u8054\u50a8\u964d\u606f\u7684\u53ef\u80fd\u6027\uff0c\u53ef\u80fd\u5bfc\u81f4\u6bd4\u7279\u5e01\u4ef7\u683c\u4e0b\u8dcc\uff1b\u76f8\u53cd\uff0c\u82e5\u52b3\u52a8\u5e02\u573a\u75b2\u8f6f\uff0c\u5c06\u589e\u5f3a\u964d\u606f\u9884\u671f\uff0c\u4e3a\u6bd4\u7279\u5e01\u521b\u9020\u66f4\u6709\u5229\u7684\u73af\u5883\uff0c\u4e0a\u5468 Fed FOMC \u5229\u7387\u4f1a\u8bae\u5ba3\u5e03\u6682\u505c\u5347\u606f\u4e00\u6b21\uff0c\u89e3\u91ca\u76ee\u524d\u7f8e\u56fd\u7ecf\u6d4e\u52a8\u80fd\u4ecd\u5f3a\uff0c\u56e0\u6b64\u51b3\u5b9a\u4e0d\u518d\u964d\u606f\uff0c\u672a\u6765\u5c31\u4e1a\u5e02\u573a\u5c06\u4f1a\u662f Fed \u7684\u89c2\u5bdf\u91cd\u70b9\u3002<\/p>\n<p>\u6211\u4eec\u9884\u671f \u8868\u793a 4.1% \u81f3 4.2% \u7684\u5931\u4e1a\u7387\u662f\u6bd4\u7279\u5e01\u7684\u300c\u7406\u60f3\u533a\u95f4\u300d\uff0c\u968f\u8457\u5ddd\u666e\u9898\u6750\u6548\u76ca\u9012\u51cf\uff0c\u6295\u8d44\u8005\u5bf9\u4e8e\u5ddd\u666e\u5229\u591a\u53cd\u5e94\u4f1a\u6162\u6162\u53d8\u949d\uff0c\u6bd4\u7279\u5e01\u4ef7\u683c\u53c8\u4f1a\u56de\u5230\u548c\u7f8e\u56fd\u7ecf\u6d4e\u6570\u636e\u4e00\u8d77\u6ce2\u52a8\uff0c\u5e76\u63d0\u5347\u60f3\u8005\u7684\u76f8\u5173\u6027\uff0c\u5c24\u5176\u662f\u7f8e\u8054\u50a8\u7684\u8d27\u5e01\u653f\u7b56\uff0c\u52b3\u52a8\u5e02\u573a\u62a5\u544a\u53ef\u80fd\u6210\u4e3a\u672a\u6765\u6570\u6708\u5e02\u573a\u53d8\u52a8\u7684\u91cd\u8981\u9898\u6750\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>\u4e0a\u5468\u56de\u987e???????????????????????? \u3010MICA RESEARCH\u3011\u5ddd\u666e\u5151\u73b0\u300c\u7ade\u9009\u627f\u8bfa\u300d\uff1a\u8981\u5c06\u7f8e\u56fd\u6253\u9020\u4e3a\u52a0\u5bc6\u53cb\u5584\u56fd\u5ea6<\/strong><\/h2>\n<hr \/>\n<p><em>\u58f0\u660e\uff1a\u6587\u7ae0\u4ec5\u4ee3\u8868\u4f5c\u8005\u4e2a\u4eba\u89c2\u70b9\u610f\u89c1\uff0c\u4e0d\u4ee3\u8868\u533a\u5757\u5ba2\u89c2\u70b9\u548c\u7acb\u573a\uff0c\u6240\u6709\u5185\u5bb9\u53ca\u89c2\u70b9\u4ec5\u4f9b\u53c2\u8003\uff0c\u4e0d\u6784\u6210\u6295\u8d44\u5efa\u8bae\u3002\u6295\u8d44\u8005\u5e94\u81ea\u884c\u51b3\u7b56\u4e0e\u4ea4\u6613\uff0c\u5bf9\u6295\u8d44\u8005\u4ea4\u6613\u5f62\u6210\u7684\u76f4\u63a5\u95f4\u63a5\u635f\u5931\u4f5c\u8005\u53ca\u533a\u5757\u5ba2\u5c06\u4e0d\u627f\u62c5\u4efb\u4f55\u8d23\u4efb\u3002<\/em><\/p>\n<p><em><strong>MICA Research \u7684\u5185\u5bb9\u5df2\u540c\u6b65\u4e8e Substack \u53d1\u5e03\uff0c\u4e0d\u60f3\u9519\u8fc7\u7b2c\u4e00\u624b\u6d88\u606f\uff0c\u8bf7\u70b9\u51fb\u8fd9\u91cc\u524d\u5f80\u8ba2\u9605\uff0c\u5468\u62a5\u4ee5\u53ca\u6bcf\u5929\u7684\u5e02\u573a\u53d1\u73b0\u5373\u4f1a\u900f\u8fc7 Email \u4f20\u9001\u7ed9\u60a8\u3002<\/strong><\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" 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[&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1778,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1777"}],"version-history":[{"count":1,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1777\/revisions"}],"predecessor-version":[{"id":7469,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1777\/revisions\/7469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/media\/1778"}],"wp:attachment":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}